Cboe to Acquire Chi-X Asia Pacific to Expand Presence in Australia and Japan

​Cboe Global Markets, a cutting-edge trading and investment solutions provider, announced that it has reached a deal to acquire Chi-X Asia Pacific, one of the most successful alternative market operators in Asia Pacific, from J.C. Flowers & Co. This acquisition came as the company plans to expand presence in Australia and Japan, offering clients proprietary products. 

With this new acquisition, Cboe can now expand its global equities business to the Asia Pacific region, bring other products and services to the region as well as further expand access to its unique proprietary product suite in the region. The deal is expected to close in the second or third quarter of 2021, subject to regulatory review and other customary closing conditions. Terms of the deal were not disclosed.

In addition, this transaction also enables Cboe to become the global leader in equities market data, offering comprehensive data from most major markets around the world including the U.S., Canada, Australia, Japan and 15 European countries. 

David Howson, currently President of Cboe’s European operations, will lead the company’s business expansion into the region and will work closely with the Chi-X Australia team led by Vic Jokovic and Chi-X Japan team led by Toru Irokawa.

Earlier this year, Cboe announced that it has completed the takeover of BIDS Trading​, an institutional brokerage firm serving block traders. Cboe plans to leverage Chi-X Asia Pacific's expansive presence in Asia Pacific and bring to the region BIDS Trading's industry-leading block trading capabilities. With BIDS' current network covering major North American and European equities markets, the addition of Asia Pacific equities is expected to create a global block trading platform to serve a broader base of customers.